Ripple's CEO has intensified his criticism of the U.S. Securities and Exchange Commission (SEC), accusing the agency of ignoring a court ruling that declared XRP is not a security. He claims that the SEC is overstepping its legal authority in the matter.
These remarks come in the wake of a lawsuit filed against the SEC by Bitnomial Exchange. The lawsuit disputes the regulator's authority over the futures markets for XRP, a prominent cryptocurrency associated with Ripple.
This case adds complexity to the ongoing legal debates between Ripple and the SEC. It highlights the broader industry concerns regarding the extent of the SEC's regulatory reach and its implications for cryptocurrencies.
The tensions between Ripple and the SEC have continued since the initial lawsuit, with Ripple asserting that the SEC's actions could have a stifling effect on innovation in the blockchain and cryptocurrency industries.
